JEFFERSON CITY, Mo. (Legal Newsline) - Missouri Attorney General Chris Koster announced on Thursday that he has reached settlements with two companies that allegedly violated the state's workers' compensation laws.

Specialty Risk Services LLC, headquartered in Connecticut, and Broadspire Services Inc., headquartered in Georgia, are both considered "third-party administrators" because they contract with numerous companies in filing injury reports on the companies' behalf.

Both companies allegedly failed to report worker injuries to the Division of Workers' Compensation within the 30 day time frame required by law.

"The Division of Workers' Compensation must know about worker injuries in order to ensure workers are aware of their rights and are being appropriately compensated," Koster said.

"These settlements demonstrate that our office takes seriously our obligation to the business community and to injured workers."

Under terms of the agreements, Specialty Risk Services will pay the state $75,000, and Broadspire is required to pay $28,500.

Both companies admitted to violating the law and have agreed to take all steps to prevent recurrence of future violations.

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